Bitcoin has broken through $ 60,000 amid a huge bull run partly by Tesla
TSLA
The price of bitcoin broke the psychological barrier early Saturday morning, returning to its early-2021 blistering bull market after taking a breather over the past few weeks.
Ahead of bitcoin’s rise over $ 60,000, Tesla chief executive Elon Musk – who was familiar with the bitcoin price movement with his tits – called on the popular bitcoin and cryptocurrency exchange Coinbase to support it. give the dogecoin a meme based.
Tesla boss Elon Musk has long been a vocal supporter of bitcoin and … [+]
dpa / photo alliance through Getty Images
“Do you think Coinbase should enable dogecoin on their platform,” Twitter user asked in response to Musk’s tweet: “BTC (bitcoin) is an anagram of TBC (The Boring Company). What a coincidence!”
“There is!” – was Musk’s response. Dogecoin has added nearly 10% since then, although Musk’s ability to move the price of dogecoin seems to have declined recently.
The San Francisco-based Coinbase, which is set to go public in a massive $ 100 billion listing, currently supports 49 different cryptocurrencies to varying degrees but has so far declined to list made of Shiba Inu-inspired dogecoin.
Interest in dogecoin has exploded like bitcoin, essentially the cryptocurrency with a total value of around $ 1.1 trillion after its latest rise, has climbed thanks to a combination of Wall Street foundation adoption, corporate interest, and retail traders gathering into the market.
The price of dogecoin has added nearly 10% since Tesla CEO Elon Musk’s call on bitcoin and … [+]
Coinbase
Tesla Elon Musk slammed the bitcoin and cryptocurrency market when it revealed it had bought $ 1.5 billion worth of bitcoin last month.
Dogecoin, a clone of bitcoin in 2013 described as a “joke” by its creator, went up in early February, climbing to a total value of more than $ 10 billion thanks to a campaign based on meme that counted the likes of tech billionaire investor Mark Cuban, rockstars and YouTubers among the fans.
However, Musk, who was voted as CEO of dogecoin in a 2019 Twitter poll, has previously said his dogecoin-related tweets are not intended to be genuine.
“Sometimes I joke about dogecoin, but they’re meant to be a joke,” Musk said last month, speaking in an interview on the invite-only chat app Clubhouse.